Restructuring of US distribution system

01-Jul-73

Introduction:

Restructuring of the US distribution system is completed by assuming responsibility for the wholesale function. Following the takeover of both Californian distributors, the distribution subsidiary merges with Volkswagen of America, Inc.; from now on, regional distribution centres are responsible for sales areas. Dealings with car parts and accessories are assumed by "Volume Export & Trading Corporation", which is founded in 1973 in Englewood Cliffs, New Jersey. This company is owned by the Volkswagen's subsidiary in Basel "Holad Holding & Administration AG" and is renamed "VOTEX, Inc." in 1976.